Which sector was given the main emphasis in the second Five-Year Plan?

Question

Question

This question was previously asked in

SSC CHSL Memory Based Test (16th March 2023)

Answer 1

The correct answer is Industry.

Key Points

The Industry sector was given the main emphasis in the second Five-Year Plan.
A part of the economy known as the industrial sector is made up of companies that help other companies with the production, transportation, or manufacture of their goods.
Because the industrial sector sells its goods and services to other companies rather than to customers directly, it is referred to as a secondary sector.
Due to its dependence on purchasing from companies in other sectors, the industrial sector is frequently driven by changes in supply and demand in other sectors.

Additional Information

Second Five-Year Plan
- April 1956 through March 1961 are included in the Second Five-Year Plan.
- The second strategy involved setting India up for industrialization.
- The architect of the second five-year plan was P.C. Mahalanobis.
- He gave the industrial foundation of the economy the most attention.
- In light of this, the 1948 Industrial Policy Resolution was revised, and a new resolution was adopted in 1956.